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20121115
20121115
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CNBC
Nov 15, 2012 4:00am EST
barely . coming off some of the highs we saw earlier in the session. >>> president obama spoke out on a range of issues from the white house last night. cnbc's and i monday j cnbc's and i monday jab 12346789. >>> he talked about a range of issues. on the economy and the looming fight over the fiscal cliff, the president said that he would not necessarily be totally satisfied by simply limiting tax deductions. >> i'm not going to on extend further a tax cut for folks who don't need it which would cost throw to a trillion dollars. it's difficult to see how you make that up trillion dollars if we're serious about deficit reduction just by closing loopholes and deductions. >> we saw a feisty barack obama here twice referencing his vehicle taker in the election saying the american people pretty much understood what they were getting with him. but the president did strike a reflective tone when he was asked about his relationships up on capitol hill. >> i think there's no doubt that i can always do better. and so i will, you know, examine ways that i can make sure to communicate my desire to
CNBC
Nov 15, 2012 12:00pm EST
president is in the driver's seat. perhaps that's true, but i think more likely having worked in the white house, what happens when these folks are re-elected is they immediately think about their legacy. does president obama really want middle class americans to see their tax rates go up even if temporarily and potentially a recession? that will be on his watch. >> it'll also be on the republican's watch. >> right. but he's the leader. he's the one with the bully pulpit. >> but he's made it very clear that he doesn't want taxes to go up for 98% and if congress doesn't act and in particular the house doesn't act, the senate is prepared to do that. if the house doesn't act, i don't think they will win that argument, one. point two is in terms of getting to the deficit numbers, it's not just revenues. if you go back to where the president was in august of 2011, he was willing to go for every $3 in spending cuts $1 in revenue. the way you get at the $1.6 trillion figure is by getting into significant entitlement reform. and everything as he has said, the president has said is on the table. me
Search Results 0 to 1 of about 2